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Processed Meat, Seafood and Alternatives To Meat in Latvia

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    Report

  • 20 Pages
  • November 2022
  • Region: Latvia
  • Euromonitor International
  • ID: 5567421
After retail sales of meat, seafood and alternatives to meat began to normalise in 2021, the category has been hard hit by price inflation in 2022. Falling disposable incomes and the rising cost of living is squeezing food budgets and putting a greater emphasis on cheaper products. Nevertheless, sales of processed meat, seafood and alternatives to meat has exhibited positive retail volume growth in 2022.

The Processed Meat, Seafood and Alternatives to Meat in Latvia report offers in-depth knowledge of the market at a national level, providing local insight and understanding unavailable elsewhere. In addition to the latest retail sales data 2017-2021, it identifies the leading companies, brands and retail outlets, and assesses the key trends and demographic shifts behind consumer demand and sales growth. How key trends such as health and wellness, sustainability and recovery from the pandemic are shaping the market directly informs our forecasts to 2026, clearly indicating how the market is expected to change.

Product coverage: Meat and Seafood Substitutes, Processed Meat, Processed Seafood, Tofu and Derivatives.

Data coverage: Market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

  • Get a detailed picture of the Processed Meat, Seafood and Alternatives to Meat market;
  • Pinpoint growth sectors and identify factors driving change;
  • Understand the competitive environment, the market’s major players and leading brands;
  • Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

PROCESSED MEAT, SEAFOOD AND ALTERNATIVES TO MEAT IN LATVIAKEY DATA FINDINGS
2022 DEVELOPMENTS
  • Price inflation is dominant theme in 2022
  • Consumers stockpile canned processed meat and seafood products
  • Meat processor Forevers SIA maintains leadership position
PROSPECTS AND OPPORTUNITIES
  • Promising growth ahead for processed meat and seafood
  • Meat substitutes set for strong growth in retail current value sales due to rising demand and a much broader product offer
  • Increased retail competition will put downward pressure on pricing
CATEGORY DATA
  • Table 1 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2017-2022
  • Table 2 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2017-2022
  • Table 3 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Volume Growth 2017-2022
  • Table 4 Sales of Processed Meat, Seafood and Alternatives to Meat by Category: % Value Growth 2017-2022
  • Table 5 NBO Company Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2018-2022
  • Table 6 LBN Brand Shares of Processed Meat, Seafood and Alternatives to Meat: % Value 2019-2022
  • Table 7 Distribution of Processed Meat, Seafood and Alternatives to Meat by Format: % Value 2017-2022
  • Table 8 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Volume 2022-2027
  • Table 9 Forecast Sales of Processed Meat, Seafood and Alternatives to Meat by Category: Value 2022-2027
STAPLE FOODS IN LATVIA
EXECUTIVE SUMMARY
  • Staple foods in 2022: The big picture
  • Key trends in 2022
  • Competitive Landscape
  • Channel developments
  • What next for staple foods?
MARKET DATA
  • Table 10 Sales of Staple Foods by Category: Volume 2017-2022
  • Table 11 Sales of Staple Foods by Category: Value 2017-2022
  • Table 12 Sales of Staple Foods by Category: % Volume Growth 2017-2022
  • Table 13 Sales of Staple Foods by Category: % Value Growth 2017-2022
  • Table 14 NBO Company Shares of Staple Foods: % Value 2018-2022
  • Table 15 LBN Brand Shares of Staple Foods: % Value 2019-2022
  • Table 16 Penetration of Private Label by Category: % Value 2017-2022
  • Table 17 Distribution of Staple Foods by Format: % Value 2017-2022
  • Table 18 Forecast Sales of Staple Foods by Category: Volume 2022-2027
  • Table 19 Forecast Sales of Staple Foods by Category: Value 2022-2027
  • Table 20 Forecast Sales of Staple Foods by Category: % Volume Growth 2022-2027
  • Table 21 Forecast Sales of Staple Foods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
  • Summary 1 Research Sources